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of florida, jeb bush, he'll be our special guest coming up at 8:00 a.m. all that plus as we mentioned the new adp employment report. mark zandi will deliver the report to us first on cnbc. let's get over to andrew with more of today's top stories. >> joe, i think actually we're going to go and talk to mary thompson. as new jersey begins to recover, gas lines are growing. mary thompson is on the new jersey turnpike this morning. mary, good to see you. but there's been a lot of lines and a lot of people talking about this. >> reporter: yeah, very frustrating situation. take a look behind me, you can see the line at the vince lombardi station. and what you can't see is that it stretches down just about a half a mile to the entrance to this rest stop. our cameraman waited in line to get gasoline, he said it took him about 25 minutes. and brian sullivan drove past it yesterday and said the line was at least 200 cars deep. similar scenes like there are being played out all over new jersey as well as long island. residents driving across state lines to find gas, others expressing increasing frustrat
projected off to the northeast of minneapolis. we'll take you a little bit further south, of course florida one of our swing states. and getting messier by the minute across sections of north florida and you can clearly see that that rainfall will make impacts for many of you across sections of the southeast including georgia and into the carolinas. some showery weather also for those of you in the northwest. in terms of tracking the storm system, the nor'easter that we've been talking about, this has clearly been on everyone's mind and we know how important it is to folks who want to get the latest details. once that storm system which is bringing the rain that we just showed you across the southeast begins to lift upward, we are anticipating those impacts to begin wednesday into thursday. and then thursday into thursday night, we will see some wet and wintry weather continuing, but the latest model runs are trending the system a little bit further offshore. back to you. >> thanks, danielle. it is now a sprint to the white house this morning. investors are waiting for a level of uncertaint
. elizabeth in florida? >> caller: hey, cramer. i own iaci. >> sure, i know it. >> you know one of major holdings is match.com. in october the stock took a huge hit as a result of a patent infringement lawsuit. okay, this is of caveat. it's a possibility of future lawsuts. however, the fundamentals remain intact. is it a match made in heaven or a bad date? >> it's a good date. it's profitable. i thought it was terrific. i am a buyer of interactive corp. as we wait for washington to rise above, remember to keep your eye on the main prize -- the chance it's apple, it's amazon, it's google. for me, apple, it's still the real standout. "mad money" will be right back. >>> coming up -- power up? >> the devastation left in the wake of sandy is a stark reminder of just how vulnerable our critical infrastructure is. as this crucial backbone is rethought and rebuilt, cramer looks at one stock that seems to be in a powerful position. could it recharge your portfolio? and later -- >> house of pleasure. >> pending home sales rose to a five-year high today. which stock should you move into, as the fou
the fiscal cliff. we have two guest hosts, george p. bush, son of former florida governor jeb bush, founding partner of st. augustine partners and jared bernstein, former chief economist to vice president biden, also a cnbc contributor and welcome to both of you. great to have you both here today. >> thank you. >> good to be here. >> we've been talking seriously about trying to tackle the fiscal cliff, it's a looming problem. you've seen the market's activity over the last week or so, and first of all i have to ask each of you, do you think we'll go over the fiscal cliff? george we haven't gotten to talk to you for a while. >> i have a bullish sentiment, i look at the rhetoric from speaker boehner late last week and the president's remarks indicate there's wiggle room in terms of a trade that can be made between meaningful entitlement reform and revenue generation. the crux of the issue will lie in terms of where the revenue will be generated, whether it will be in tax increases but this is the first part of the negotiati negotiation, as in any business deal there is posturing but i feel a d
a lot of that fema smending. th spending. then into florida where there's a lot of social security spending. same think along the gulf coast. zoom in on one louisiana county in here, there's a u.s. penitentiary there. a lot of federal spending. up through here, farm subsidies, drought relief. all kinds of things. out in arizona, retirees and other -- all the way up there in the state of washington. i understand we've got somebody coming from that state, a big naval base. that's going to show up big and make it red. what the pew center on the states did, they divided it up, said what federal spending is a% of gdp. maryland, virginia, district of columbia comes up the highest. fairly evenly split between defense and non-defense cuts. hawaii 16%. the bulk is defense spending. you come down here to alabama where there is a lot of defense spending as well. colorado and georgia would round out the top ten list. another way to look at impact of federal cuts is not just spending but what about jobs. some surprising states show up. texas is a red state but they have a lot of federal jobs as
is coming back very strongly yesterday. chad in florida, please. >> caller: hey, jim, a boo-yah from orlando. >> man, i wish i were in orlando. i wish it was warm. what's up? >> caller: i have a question on north start realty finance. it looks lie this got up graded today. could it be a way to play a comeback? >> we look at this one, this is a very, very good company. they're a real estate debt company. here's what i want to do. i want it on the shelf. that's how we'll make our best adjustment. you're invited to come on "mad money." whether you're house hunting on profit-hunting. i think realogy is the best, but pricey. still too high. let it come in, but don't hesitate to pull the trigger. it's best in show. don't move. lightning round is up next. >>> it's a brutal full-contact sport. >>> it is time. it's time for the liningening round. buy buy buy or sell sell sell. hey, staffsers prepared the graphics on the fly. then the lightning round is over. i want to start with brian in ohio. brian? >> caller: hey, jim, out of cleveland here, i have a question for you on mark west here. i bought it
swamped. >> you remember hurricane andrew which flattened homestead down in florida. there were parts of new jersey and long island that look like that. >> not nearly the size -- houses down there were $150,000 a piece. the homes that were destroyed up here were millions of dollars a piece. >> that's what i'm saying. it's much more money. >> the other difference is in new york there's not a lot of moral hazard that you worry about in the sense of people weren't building homes in the wrong places. >> a terrific comment. there had not been a storm there in decades and decades and decades. it's another thing in florida on the coast. there were counties i found along north carolina that have fema money on top of fema money from the prior storm on top of fema money. that's not the case in new york. >> three storms hit new york in 1954. all of them twice as big as the one that just hit three in one year. >> i don't want to give you a nodule but people are making a leap with global warming thing. it may be true. i don't think there's evidence of it. >> i tell you, it's our living in sin that
? former new york governor george ptatki will join us on that. >> as we go to the break, people in florida waiting in long lines to cast their vote in what is always an important swing state. we're back after this. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which
. that is the old pennsylvania power and light. i like it! let's go to pedro in florida. pedro? >> hey, jim. stock ticker symbol bys. i've been going to it for a year now. it's pretty good. i don't know what to do with it anymore. >> oh, boy. all right. this is the whole group of real estate investment trusts. i don't recommend them unless they come on the show. they have to come on the show. now, you know, i have been recommending annaly. it is better than this one. but i have to do more work. dean in washington. dean? >> hey, jimbo. sad, sad, losing money every day boo-yah. >> many of us are. >> so hey, last week i dialed in to solutions. they missed the earnings. >> no hurry. now you're in tax law selling season. i don't think you touch that stock until the he end of the year. i need david aldridge to come in and talk about it. and that is the conclusion of the "lightning round." >> "the lightning round" is sponsored by td ameritrade. and later, cash infusion? from syringes to surgery, medical supply company henry schein is in the heart of health care. as this sector settles into new reforms, s
to just $1,000. along the eastern seaboard that's a lot of fema. fema will take an 8% hit. in florida, a lot of social security spending. up here you have the risk management association -- sorry, agency, from department of agriculture. crop subsidy and drought relief comes through here. education, public assistance. the whole spectrum, pretty much, are subject to 8% cuts. let's take a look by state when we look at the total count here. this is from the pew research center. we find maryland, virginia, d.c., 20%. that's evenly split between the green, nondefense, and the blue, which is defense spending. hawaii, 16%. almost all of it is defense spending. places like kentucky and alabama. a lot of this is defense spending. a lot of these, by the way, are red states and they'll get hit. incentive for them to come to the table. one more way to look at this is federal jobs. this is by state. a red state, texas, a lot of federal jobs. a blue state, california, a lot of federal jobs. california is a state with high unemployment rate, over 10%. you can see there, virginia as well. texas with a
vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what we're saying. he says people are buying homes out here in new orleans stupid fast. but the problem is they're investors and they're renting them all out. >> very good point. diana, thanks. good to see you. ty, down to you. >>> the german parliament approved a new bailout package for greece. meanwhile, unemployment hits a record high in the eurozone but european central bank chief mario draghi expects the economy to recover in that area in the latter half of next year. so what's ahead for debt stricken greece and the eurozone members? joining me here at the new york stock exchange, constantine mikalo
couldn't resupply fast enough. >> john, i'm told that did not pass in south florida. it was proposed but didn't pass and the total cost per gas station is $8,000 to $10,000 for the prewiring and the generator. seems like they would have made that over the last couple of weekends, if they had had it. anyway, to not worry about losing the power when you don't have it is the only thing i can -- like this last storm it's like hey, neighborhood doesn't have power anyway. you can't do anything to us at this point. john hofmeister, appreciate it. thanks. >>> coming up, policy decisions from the bank of england and the european central bank, two important announcements from europe that are still ahead this morning. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. impact wool exports from new zealand, textile product
whether on the gulf coast, florida and unfortunately in the metropolitan area in new york. the supply siders are doing everything they know how to do. so you broaden utility crews from across the country, trying to get electricity restored, the oil companies are doing everything they can do within the limits of safety, and regulation to get supply out to the public. we also have to do something different on the demand management side. what's happening is that the demand side is descending into chaos and you see it in the gas lines. this could get to gunfire if it continues in the way it's going now. my recommendation is for the governors of new jersey, new york and connecticut, come together, go to an odd/even rationing plan, cut the demand in half every day by going to odd/even rationing. >> based on your driver's license or based on the -- >> based on the license plate. >> like we did back in the '70s. >> exactly. so you've cut the demand in half by definition of what numbers on your car license plate. take care of the service providers, taxi cabs, i will mow drivers, other service
read over the weekend, if romney doesn't win florida, it's almost impossible he can win the presidency almost by adding in any other combination of states. but there's likely to be gridlock in congress on again for another at least two years, possibly four years. if that's the case, either romney or obama will find their ability quite circumscribed. but there are key areas where either administration would follow fairly similar policies and they are related to expiration for oil and gas and production of oil and gas. it's forgotten now that a couple of months before the gulf of mexico disaster, the bp disaster in 2010, obama had opened up substantial areas off the atlantic coast of the u.s. more region ofs of the gulf of mexico and i think the west coast, as well, to exploration efforts. in other words, the obama administration was of the gulf and i think the west coast, as well, to exploration efforts. in other words, the obama administration was committed to increases production to help towards the long term goal of redur reducing energy import independence. that's a sentiment that r
state can't pull gdp up after pushing it down. what we saw in 1992 in florida with andrew was that it did pull up the gdp. the rebuild did. this is a similar rebuild although there will be tremendous tension. those of house have property down there who submitted our bills to the insurance companies, how much of it was water damage? well, a lot of it. nice to know you. it's good. i hope you don't have mold down there. >> if it got flooded, you should hope a tree fell on top. >> the insurance companies are telling you to read fine print. fine print is very bad. >> when we come back, taking a bite out of apple in bear territory after a slight gain on friday and stock up in premarket. is it finally the time to buy? you might remember david shulman now with ucla forecast. he says why you should brace. nice rallies given that dow in the past four of six weeks have been down more than 200 points. more "squawk on the street" is back in a minute. >> take a look where we are set to open here up 112 points on the dow jones industrial average. a little bit of optimism this morning as
, the density of the area affected never happened before. when the storms hit florida, frankly they do hit areas and they hit them hard. so many people that live in the area, you have not had this. so it's really hard to know, carl, the 439 plus 78,000, doesn't seem like that much. i have seen estimates that claims could go up as high as 500,000 or higher. so that's something to look out for. how much drop you would expect and why we see it in philly and not in empire state, which arguably should have been more impacted than philly fed, of course you are, philly is down in that southern new jersey area that was hit by a lot of rain, that's possible. i honestly have to answer your question, carl, by saying i did not know what to expect, except that beyond noisy, i expected it to be negative. >> also double dose of big box retail earnings this morning, walmart and target both beating estimates on the top line, but walmart did -- patrick mckeeve, that neutral looks awfully pressure right now. what is your response to how they did? >> the sales were disappointing, they comped up 1.5%, walmart u.s. a
in the high fives and low sixes, so whether you're looking at the national association of home floridas index yesterday, marching up to the best levels since may of '06 or starts and permits, i would have to say that i can't tell you if every region is going to have hot housing market as some of the stories i was reading about in miami, but there seems little doubt at least at this point before everybody starts tackling deductions like home mortgage interest, that it's trying to get a bite and trying to grab. rates kicked up maybe a basis point. dollar index under duress and doing better again, the dollar that is on the yen and that has been one of the big trades last several weeks. back to you. >> rick, thank you. steve liesman is standing by in new york and steve the big thing coming up today has to be when bernanke is going to be speaking. we talked earlier about that. what really do you expect to hear today? >> not unrelated to the report we just got, becky, i think that's a good question because i think bernanke is going to be relatively pleased with what's happened to mortgages. i think
. >> alabama and auburn and all those. >> florida. >> the pac-10 or the big ten? i don't know what i'm talking about. who is the competitor to the sec? >> there is no -- there hasn't been a competitor. >> what's the one that rut gger just join some had. >> the big ten. >> on so trying toitor competitor. >> and there are good teams out west. pac-10. oregon is good and ucla and usc. >> by the way, i have to apologize, i don't know if june is watching. she sat by us at the game. she gave me gloves, i'm really sorry, i walked out with them. i gave them to ray who said that he sees you all the time. >> ray rice? >> no, a different ray. i hope that he actually does see her because i gave him the gloves. but tweet me and i'll pay for the gloves. sorry. i feel so bad, i pronled i'd give the gloves back and i walked out with them. >> i guess we should move on. >> probably. >> earlier this week we told you about james gorman's memo to employees, encouraged them to make calls and letters to washington demanding a balanced compromise on the fiscal cliff. today's politico's morning money reports the bank's
Search Results 0 to 17 of about 18